Threadbull - Yeah agree. I reckon that financing deals would actually increase shareholder returns. Yes the shares on issue may increase somewhat but a financing deal would increase the value of the project IMO and therefore the return per share. Plus, I reckon that over the next years, the resource has the potential to grow even more - even after the current drilling campaign. As a shareholder though, you could just sell down your holdings as milestones are reached over time - unlocking some capital (which may = the price per share for an early outright sale of the project) and leaving some capital exposed (maintaining a % of your original holdings) to the gains we should see as we add value in the years to come.
MLL Price at posting:
10.0¢ Sentiment: Buy Disclosure: Held